Not Good: Naira Takes a Nosedive in the Black Market... See Disturbing Value

Posted by George on Wed 07th Dec, 2016 - tori.ng

The resuscitation of the naira in the interbank and parallel markets as advocated by the Federal Government and the Central Bank of Nigeria might be a mirage following the status of the local currency in the market.

These are the currency exchange rates for today, December 7, 2016, powered by Zenith Bank Plc. The import-based structure of the Nigerian economy coupled with the financial crisis has inflicted more hardship through inflation.

See details below: